US-based oil and gas company Hess has announced its decision to relinquish its interest in Block 59 offshore Suriname. The ...

Norway’s Statoil fell deeper into the red in the third quarter, pledging to reduce capital spending by another $1 billion to cope with the lingering impact of low crude prices.

One of Europe's largest energy companies, Statoil, plans to change its name to "Equinor" this month as it increases its focus on offshore wind and takes the focus off of crude oil. In an interview ...

Statoil explained in a statement that its new name combines words such as equal, equality and equilibrium with Norway. Related: Norway's pension fund wants out of oil stocks.

Statoil ASA, Norway’s biggest oil company, is ready to increase investment again as it reaps the benefit of drastic cost reductions it pushed through after oil’s collapse -- cuts that it vowed ...

Norway’s Statoil will acquire a 66% stake in a Brazil offshore license from Petróleo Brasileiro for $2.5 billion to strengthen its oil production into the next decade.

Norwegian energy company Statoil said Thursday it plans to change its name to "Equinor" to reflect an evolving business that's much more than just oil. Statoil, now a pioneer in offshore wind and ...

Norway's Statoil ASA STO on Friday presented a range of environmental and performance targets for its next generation of projects. In a statement presented at its Socially Responsible Investor day ...

Statoil leaving Maine for more certain climate. The company, which planned to build a $120 million wind farm, blames its decision on a LePage initiative to reopen bids for offshore wind projects.

Statoil ASA, the Norwegian energy company, was granted a lease to use the seabed off the east coast of Scotland and can now begin building the world’s first floating offshore wind farm.

OSLO--Statoil ASA (STO) and Statkraft received approval from a Norwegian energy regulator to permanently shut down the Karsto gas power plant in western Norway, which was expected to be ...